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Find the amount of the loss? given data Amount of insurance purchased 400,000 coinsurance requirement 80% property's insurable value at time of loss 840,000 property's

Find the amount of the loss?

given data

Amount of insurance purchased 400,000

coinsurance requirement 80%

property's insurable value at time of loss 840,000

property's insurable value when policy was purchased 700,000

amount of loss paid by the insurer 340,000

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